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Adjustment Policies, Poverty, and Unemployment: The IMMPA Framework


Pierre-Richard Agénor’s pioneering work on Integrated Macroeconomics Models for Poverty Analysis (IMMPA) is cataloged for the first time in this must-read volume.

A class of dynamic computable general equilibrium models, IMMPA models are designed to analyze the impact of adjustment policies on unemployment and poverty in the developing world. Including both papers originally circulated through the World Bank, as well as new material that places this important work in its larger context, Adjustment Policies, Poverty, and Unemployment details the history and uses of these models to date, as well as pointing to future developments for their utilization.

Pierre-Richard Agénor is Hallsworth Professor of International Macroeconomics and Development Economics at the University of Manchester, and co-director of the Centre for Growth and Business Cycle Research. His research interests include international macroeconomics, development economics, and growth theory. He has published widely in leading professional journals and is the author of several best-selling books, including Development Macroeconomics (with Peter Montiel) and The Economics of Adjustment and Growth.

Alejandro Izquierdo is Senior Economist in the Research Department of the Inter-American Development Bank and a former economist at the World Bank. His current research focuses on international finance and open-economy macroeconomics, with a particular interest in the analysis of sudden stops in capital flows.

Henning Tarp Jensen is Assistant Professor and member of the Development Economics Research Group (DERG) at the Institute of Economics, University of Copenhagen. He has a well-established publication record within the area of computable general equilibrium modeling and a long-standing research interest in low- and middle-income countries, including Mozambique and Vietnam, as well as Argentina, Brazil, Bolivia, Colombia, and Turkey.


About the Editors.

Introduction and Overview: Pierre-Richard Agénor, Alejandro Izquierdo, and Henning Tarp Jensen.

1. The Analytics of Segmented Labor Markets: Pierre-Richard Agénor.

2. The Macroeconomics of Poverty Reduction: Pierre-Richard Agénor.

3. The Mini Integrated Macroeconomic Model for Poverty Analysis: Pierre-Richard Agénor.

4. Unemployment and Labor Market Policies in Morocco: Pierre-Richard Agénor and Karim El Aynaoui.

5. The Complete IMMPA Framework for Low-Income Countries: Pierre-Richard Agénor, Alejandro Izquierdo, and Hippolyte Fofack.

6. Stabilization Policy, Poverty, and Unemployment in Brazil: Pierre-Richard Agénor, Reynaldo Fernandes, Eduardo Haddad, and Henning Tarp Jensen.

7. Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey: Pierre-Richard Agénor, Henning Tarp Jensen, Mathew Verghis, and Erinc Yeldan.

8. Linking Representative Household Models with Household Surveys for Poverty Analysis: A Comparison of Alternative Methodologies: Pierre-Richard Agénor, Derek H. C. Chen, and Michael Grimm.

9. Some Research Perspectives: Pierre-Richard Agénor, Alejandro Izquierdo, and Henning Tarp Jensen.